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• Daimler earnings indicate Chrysler loss of $510M 7/24/2008, 1:51 p.m. EDT
• Tenn. Supreme Court rules against automaker 7/24/2008, 1:39 p.m. EDT
• Dow Chemical reports decline in 2Q profit 7/24/2008, 12:18 p.m. EDT
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UAW, American Axle reach deal that could end strike
by Tom Krisher | The Associated Press
Friday May 16, 2008, 11:22 PM
DETROIT — An American Axle and Manufacturing Holdings Inc. spokeswoman confirms the auto parts supplier has reached a tentative agreement with the United Auto Workers that could end an 11-week strike.
Spokeswoman Renee Rogers says she doesn't have any details on the deal, reached late Friday. It's not clear when the agreement will be presented to union members.
The walkout by about 3,600 workers at five factories had crippled truck and sport utility vehicle manufacturing at General Motors Corp.
The company makes axles, drive shafts and stabilizer bars for GM, Chrysler LLC and other automakers.
GM was forced to partially or fully close more than 30 factories and lay off thousands of workers because of parts shortages.
